Jordan News Updates
The Iraqi Development Fund and the Turkish company Teriyaki Agro signed a joint memorandum of understanding during the activities of the Iraqi-Turkish Economic Forum, which began this afternoon, Monday, in the capital, Baghdad.
The memorandum was signed on the Iraqi side by the Fund’s Chairman, Muhammad al-Najjar, and on the Turkish side by the CEO of Teriyaki Agro.
Source: National Iraqi News Agency
Manama, This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 221%.
The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of the Kingdom of Bahrain.
The issue date of the bills is April 24 and the maturity date is July 24.
The weighted average rate of interest is 5.95% equal to the previous issue on April 17.
The approximate average price for the issue was 98.518% with the lowest accepted price being 98.518%.
This is issue No. 2013 (ISIN BH00099232A1) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion
Source: Bahrain News Agency
Manama, Bahrain All Share Index has closed at 2,016.40 points, marking a decrease of 0.54 points below the previous closing.
This decrease was due to the drop in the Financial Sector and Industrials Sector.
Bahrain Islamic Index has closed at 762.93 points, marking a decrease of 1.42 points below the previous closing.
Results indicated that 135 equity transactions took place with a volume of 1,765,371 worth BD 1,382,525.
Investors traded mainly in the Material Sector, representing 77.49% of the total value of securities traded.
Source: Bahrain News Agency
Manama, The Labour Market Regulatory Authority (LMRA) announced the implementation of 808 inspection campaigns and visits, during the week of April 14-20, which resulted in the detention of 79 violating and irregular workers, while 127 violators were deported.
The inspection campaigns and visits also resulted in monitoring a number of violations related to the provisions of a number of regulating laws, especially the LMRA and the Residency Laws in Bahrain, noting that legal measures were taken regarding the observed violations.
The authority pointed out that 801 inspection visits were carried out on various shops in all governorates, in addition to seven joint inspection campaigns, that included four campaigns in the Capital Governorate; two campaigns in the Muharraq Governorate, and one campaign in the Southern Governorate.
The government entities that participated in the campaign are the Ministry of Interior, represented by the Nationality, Passports and Residence Affairs (NPRA), the Governorate’s respec
tive Police Directorate, and the Coast Guard.
The Authority affirmed the continuation of joint coordination with government agencies to intensify inspection campaigns in all governorates of the kingdom and to address any violations or practices that negatively affect the stability and competitiveness of the labour market or harm the economic and social security of the kingdom.
The LMRA renewed its call on all members of society to support the efforts of government agencies in addressing illegal labour practices, by reporting violations via the electronic form on the authority’s website www.lmra.gov.bh or by calling the authority’s call centre on 17506055 or via the government’s Suggestions and Complaints System (Tawasul).
Source: Bahrain News Agency
Bethlehem – Ma’an – The delegation of the Southern Administration at the Bank of Palestine visited the headquarters of the Ma’an Media Network in Bethlehem on Monday.
The delegation that met with the editor-in-chief of Ma’an Media Agency, Dr. Nasser Al-Laham, included Tamer Al-Natsheh, director of major companies in the south, Anan Muqbil and Ashraf Nofal, directors of relations of major companies in Bethlehem, and Ruba Hawash, head of Premier’s Bethlehem branch.
Al-Laham welcomed the delegation and gave them an overview of the network and all its sections, stressing the role of the private sector in Palestine, on which many development projects depend.
The delegation praised Ma’an as a pioneering media institution in Palestine that it is proud of.
The delegation talked about the banking facilities provided by the Bank of Palestine to customers in light of the war and crises that the country is suffering from.
The delegation stressed that the bank’s goal of its services and facilities is not profit, but
rather the advancement of society again.
Al-Laham expressed his thanks and admiration to the delegation for this tireless work and their efforts in serving the Palestinian people.
Al-Laham pointed out that Ma’an opens its arms for joint cooperation with the Bank of Palestine and all private and public sector institutions in order to overcome the difficult stage that our people are going through.
Source: Maan News Agency
Ramallah – Together – The General Authority of the Palestinian Telecommunications Company, a public shareholding company, approved, at its twenty-seventh regular meeting in Ramallah, the Board of Directors’ recommendation to distribute cash dividends for the year 2023 at the rate of 30% of the nominal value of the share, amounting to one Jordanian dinar, which is equivalent to 30 piasters per share. With a total amount of about 40 million Jordanian dinars.
Sabih Al-Masry, Chairman of the Board of Directors, said, ‘Despite the unprecedented challenges we have faced since the beginning of the last quarter of 2023 due to the aggression on the Gaza Strip, the company continues to maintain its solid financial position and strong operational performance, and this is due to the plans and strategies of the Board of Directors, in addition to emergency policies.’ Which the executive team implemented quickly and with high efficiency.’
The most important achievements and challenges during the year were also highlighted
, and the topics and recommendations on the agenda were discussed, as the General Assembly approved the audited financial statements for the year 2023, the members of the Board of Directors were discharged from liability for last year, and Ernst and Young was elected as the company’s auditor for the year 2024.
On the company’s financial level in 2023, Palestine Telecom’s net profits amounted to approximately 43 million dinars, while the company’s revenues reached 280 million dinars.
An extraordinary general assembly meeting was also held, during which the articles of incorporation, the new bylaws, and the policy of granting remuneration to members of the Board of Directors, the committees emanating from it, and the executive management were approved, in line with the new companies law.
It is noteworthy that the Palestine Telecommunications Company/Jawwal was established in 1995 as a public shareholding company, and connects Palestine with an advanced network in the fields of cellular and fixed communicatio
ns, the Internet, and information technology solutions that serve more than three million subscribers from all sectors.
Source: Maan News Agency
Ramallah – Ma’an – The Palestinian Monetary Authority confirmed that the repeated attacks on bank branches and ATMs in the Gaza Strip are threatening the continuity of the work of these branches, and their ability to disburse employees’ salaries and pay remittances to their owners in light of the current exceptional circumstances, which would double… From the suffering of our people in the Gaza Strip.
The Monetary Authority indicated that it is making continuous efforts to ensure the continued operation of the banking system in the Gaza Strip and the provision of financial services to citizens, at a time when outlaw parties are destroying branches and ATMs and placing obstacles to the public’s access to liquidity, stressing that this suspicious behavior causes harm. It was devastating to the displaced and residents of the Gaza Strip.
The Monetary Authority appealed to representatives of chambers of commerce, community forces, and tribes in the Gaza Strip to intervene and work to provide protection for ban
k branches and assets, noting that it is continuing its efforts to ensure the continuity of the banking system’s work, provide liquidity, and facilitate the tasks of relief institutions, despite the growing challenges and risks, and the lack of electrical power. And communications were cut off from most parts of the sector.
Source: Maan News Agency
The Ministry of Trade and its Turkish counterpart signed a memorandum of understanding to form the Iraqi-Turkish Trade and Economic Committee, which reflects the joint commitment to strengthening economic cooperation between Iraq and Turkey, and a platform for exchanging experiences, coordinating efforts, strengthening trade relations, and encouraging joint investment.
The Minister of Trade, Atheer Al-Ghurairi, said during the activities of the Iraqi-Turkish Economic Forum that concluded this evening, Monday, in the capital, Baghdad, that ‘the government has included within its program interest in the private sector through real decisions on the ground and opening new horizons,’ pointing out that Iraq has begun to attract capital and take His real role is to recover his economy and industries.’
He added, ‘Some comments were noted by the Turkish Minister of Commerce, including obstacles facing the Turkish merchant, and we are working to solve them,’ noting the signing of the strategic agreement to support th
e private sector. The obstacles will be raised and resolved quickly between the two parties, and communication between the two ministries will be direct and there will be no tolerance for the obstacles that are facing both sides.
He continued to say, “Trade exchange between Iraq and Turkey witnessed its highest levels during the current period, reaching about 15-16 billion dollars, which reflects the great opportunities provided by the economic and trade relations between the two countries.”
He added, “Iraq has become an attractive and polarizing environment for traders and investors, and 26 memorandums of understanding were signed, which are the legal framework for the work of the private sector.” President Erdogan’s visit marked a new beginning for Iraqi-Turkish relations and an opportunity to attract capital to Iraq.
Source: National Iraqi News Agency
Manama, Bahrain All Share Index has closed at 2,016.94 points, marking a decrease of 4.51 points below the previous closing.
This decrease was due to the drop in the Communication Services Sector, Financial Sector, Industrial Sector and Material Sector.
Bahrain Islamic Index has closed at 764.34 points, marking a decrease of 3.08 points below the previous closing.
Results indicated that 43 equity transactions took place with a volume of 469,717 worth BD 94,573.
Investors traded mainly in the Financial Sector, representing 66.75% of the total value of securities traded.
Source: Bahrain News Agency
The US Energy Information Administration (EIA) announced on Sunday that Iraq’s oil exports to the United States rose during the past week.
The EIA said in a report , ‘The average US imports of crude oil during the past week from 8 major countries amounted to 4.832 million barrels per day, down by 265 thousand barrels per day from the previous week, which amounted to 5.09 and million barrels per day.’
It added, “Iraq’s oil exports to America came in second place after Canada, reaching 308,000 barrels per day last week, an increase of 166,000 barrels per day from the previous week, which reached 142,000 barrels per day.”
EIA noted, ‘Most of America’s oil imports during the past week came from Canada, followed by Colombia and then Saudi Arabia.’
It explained that the quantities of American imports of crude oil continued, from Mexico, Brazil, Nigeria and Libya, while no quantities were imported from Ecuador and Russia.
Source: National Iraqi News Agency